Hi Lee,

You can't go wrong with www.quickformations.co.uk

I've used them twice; it's done within the day and the basic package is all you need which is approx £40. 

Cheers, Nigel

The main issues you have to look out for are:

Looking in detail if you actually NEED a company - a lot of people set up too early
(b) How you structure the shares for tax efficiency - again a lot of people miss a trick here.

I do however agree that many accountants do overcharge for the formation - that’s the easy bit. The correct running of the company once you have it and the manner of incorporation are both things you may well need proper advice on, the later is particularly important if you are incorporation and existing sole trade. I had an enquiry last week from someone who thought that had incorporated a sole trade and had a large deduction for corporation tax due to the transfer of “goodwill” from the sole trader to the company but it would appear from their responses hadn’t actually completed the correct paperwork and so where probably unable to gain this substantial tax benefit they had thought there where entitled to.

I do tend to charge for the advice, and let clients form their own companies as there is no “magic” to it.

Hope that helps.

Regards,

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James Smith
Chartered Accountant
www.jamesesmith.co.uk

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